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today, it's about politics, too. at issue, whether big spending cuts should be locked in before the government is allowed to borrow more money to pay it bills. president obama held his second news conference in a week tells you the biggest headline. there is no deal. so the politicians from the president on down are trying to prove they're the one most looking out for you. >> it would be very helpful for us to be able to say to the american people our fiscal house is in order. >> the president wassed a today month that it's impossible to get a deal unless and until the republicans agree to raise some taxes. in turn, republicans say that before he spends anymore time lecturing them, she stop giving press conferences and put his proposals down on paper. but in the hunt for specifics, it is crystal clear the president is not ready to take the lead. >> if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. >> a lot of questions tonight about where this is heading and how it will impact you. the president's initial deadline, tonight, w
to ask the big oil companies to give up one dime not one dime of their $4 billion annual subsidy. they have refused to ask big corporations to give up one dime in their corporate loopholes. what we are negotiating with is a group of people who won't compromise. a group of people who have said we want the middle class to pay more taxes so that big corporations can pay less. we want seniors to lose their medicare so that big oil companies can continue to foost on their subdis. that's what the problem is. >> the case that republicans have taken a hard line on talks, at the same time democrats are taking what sounds like a hard line on entitlements. let me read a statement from leader pelosi that says we continue to oppose benefit cuts in social security and medicare. these pillars should not be used a as piggy bank to subsidize tax cuts for the wealthy. are democrats not just as guilty of failing to compromise as republicans are in this case? >> no, absolutely not. what we have said and i think most americans would agree with this is the middle class and seniors should not be asked
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
.i. joe," the lakers and the celtics in the championship. apple wuss big, then it -- was big, then it went away for a while, then it was back again. so it should be obvious that the 1980s is back, and for various reasons i argue in the book, it is back. and i don't think it's just because of the nostalgia factor although that's certainly a factor. also there's some coincidences. i had mentioned on my radio show a couple days ago that the weird coincidence, although you may see it not just as a coincidence, that 25 years ago almost to the exact week and, certainly, to the exact month the united states military was bombing libya, and the world was wrapped with the detention about a nuclear meltdown at chernobyl. those two things happened almost exactly 25 years ago to the month. so as much of this is pop culture, some of it is very, very real. and what i argue in the book is that the popular culture of the 1980s, the iconography of the 1980s in many ways has inspired the way we hook at real world -- look at real world events and how real world, i guess you would call them actors, behave toda
. host: mississippi, janet is next. caller: i feel as long as our politicians are bought by big corporations, we cannot trust the word that they say. they will do what the corporations want. the supreme court gave corporations the right to be individuals. they do not have rights like individuals. they are individuals themselves but they should not make the decisions as far as who represents the people. a lot of people would call me ignorant, but i know how to balance my checkbook and if these people cannot balance their checkbook, they need to go home and learn how to. host: fixed the political experts from the book -- brookings institution says -- that they hash it out in private first. your thoughts? caller: my thought is that if people cannot get together and talk it out, compromise, what is the use of having separate get together is? tempore i know that i sound ignorant, but people need to sit down in a circle and come to a conclusion. host: another twitter message from boring file clerk, writing -- host: chattanooga, tennessee. gerry, go ahead. caller: thank you for c-span.
when negotiations with the taliban move forward and it also may have very big repercussions for the u.s. effort in the south. people called president hamid karzai's brother a corrupt gangster. but the cia's former head of counterterrorism says the u.s. may miss him. >> it's quite like live that what follows is going to be something that will not work to our interest. >> reporter: an afghan official says he was gunned down in his own home, shot in the head and chest by his own guard. the taliban took credit, but it's not clear if the shooter was really working for them. >> the united states condemns in the strongest possible terms the murder of president karzai's half brother in kandahar. >> a u.s. official said quote, while we must deal with ahm ahmed wali karzai, he's widely understood to be corrupt and narcotics trafficker. the state department and u.s. military were trying to build trust in the afghan government. they frequently criticized ahmed wali, but the cia worked with him. >> i think often parts of the u.s. government were working at cross purposes where ahmed wali was conce
♪ charlene. she married prince albert friday, but the big share money is today. >>> the protests this week could not stop georgia's anti-immigration law. it may already be working. some say that is a huge problem for the state's largest industry. >>> how would you like to tell your boss, hey, i'm too tired to work today. that is a legitimate excuse to get out of work for the day. that is part of new rules to keep air traffic controllers awake. i'm t.j. holmes. thank you for being here. new video of dominique strauss-kahn. look at him here smiling as he heads out for a night on the town with his wife. this was happening just hours after a judge released him from house arrest. the former head of the international monetary fund is accused of sexually assaulting a hotel maid. there were problems with his accuser's testimony. we have susan candioti with more. >> reporter: prosecutors laid it out for the court and defense. they turned up troubling lies by the maid. among them, her stories changes after strauss-kahn allegedly assaulted her in his hotel suite. she first waited in the hal
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
. if you are going to rule out medicare now and say yeah, we are going to make big cuts but rule out medicare. that means democrats are focusing on 10%, discretionary spending that is our investments, r & d, education, infrastructure. the things we need to double and triple down on. the things we can afford to do in trying to catch up with china if we take care of the long-term structural debt on taxes, on health care and these other issues. >> yeah, we talked about the fact our health care system is at least 50% more expensive procedure by procedure than any other place in the world. we have this grip on a lot of the health care sector. we need health care reform. this is obvious. but it's been obvious for years. they don't do it on either side. >> coming up, connecticut governor dannel mall low. >> he's going to yell at you. >> i think he's in for a fight, yeah. yeah. >> mika is mad. she's not putting up with it anymore. >> this is incredible. sexual assault allegations against strauss-kahn. why it's on the verge of collapse. >> he was in yonkers at the time. come on. >>> first, he
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
for the tabloids. host: what about the broadsheets? guest: it is known occasionally. there was a big scandal about mp's expenses last year, which came from information that is the voice of -- information that is the will serve and got on a computer disk. my newspaper paid for that because they thought it was in the public interest. that is a rare instance of a broadsheet paper paying for information. for the tabloids, we call it checkbook journalism. salacious information about a night out on the town with a celebrity or pop star or encounters with celebrities. that culture has grown and become more insidious over the past 20 or 30 years. host: how would you describe, to help put it in perspective -- by the way, we will put the numbers on the screen as we continue this conversation about the phone hacking investigation in the u.k. prime minister cameron spoke this morning at a problem about it and we carry that live on c- span -- spoke this morning in parliament about it and we carry that live on c-span2. we carry rupert murdoch and rebekah brooks yesterday and we will speak about that. how do you
, this is a debate about our economy, and frankly is a big debate about the future of our country. until recently, the president was demanding that the congress increased the debt limit with no strings attached. as a matter of fact, the treasury secretary sent me a letter two days after we were sworn in demanding that we give him a clean increase in the debt limit. i responded and told the treasury secretary at the american people would not tolerate a clean increase in the debt ceiling unless there was serious spending cuts attached and will reform in the way we spent the american people's money. i went to new york city in may and gave a speech to the new york economic club where i outlined the challenges we were facing and i made it clear that we would not increase the debt limit for the cuts that exceeded that increase in the debt limit and that there would be no new taxes and that there would be serious spending reforms put in place. it is time to get serious. i'm confident that the leaders here in the congress can act, the white house will give serious, we will. >> your own aides say that the
. >>> people love their cars, traffic jams are part of the daily life, but this weekend, the closure of a big chunk of the 405 freeway is causing added worry. it is shut down for a construction project. and residents are so worried they're calling this carmageddon, but so far, we're not seeing it. no gridlock. let's bring in cnn's kareen wynter who is above the 405 there. and we know ten miles of the 405 is closed, so no traffic there. what about everywhere else? >> reporter: everywhere else from our viewpoint all looks good. now a short time ago, we checked out some of the alternate routes officials were encouraging the public to take. it's really, really quiet right now. we saw a lot more people on bikes, pedestrians, people walking their dogs than we did people in their cars. one of our photographers -- our producers, rather, michael kerry took a picture on the other side of town near the pacific coast highway. usually an extremely congested area this time of year really any time. and that was another alternate route that officials were encouraging people to take if they were headed to l.a
. is that realistic at this point. >> well, in terms of getting that big agreement, it looks highly unlikely at this point, but certainly as you pointed out, the president joking that his campaign was built on hope and change. it will be interesting to see if that hope will also win out in this debate. but, look, what the president is pushing for still is the biggest deal possible. he acknowledged, though, that it's hard to do that, but nonetheless, he has been telling congressional lawmakers during negotiations all this week that if they can't get the biggest deal possible to attack the problem of the debt and the deficit over the long term, then they should still be ambitious. >> we are obviously running out of time, and so what i have said to the members of congress is that, you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can think about and show me a plan in terms of what you're doing for deficit and debt reduction. if they show me a serious plan, i am ready to move. even if it requires some
are no longer serious about solving big problems. and that was sort of the subject of my first book in 2007 looking ahead to the 2008 presidential race. and the big issues in education, and health care, and energy, the environment and jobs, and so on, and i think that you can really see that playing out in washington right now as we have this debate about the budget. and that this budget debate in some ways has become about paul ryan and his plan and his thinking of the budget. but that the idea that we as a nation can all agree that there is one guy in washington talking seriously about the budget is an indictment of everyone else in congress who is not, that we're sort of at this point where you want to talk about the budget? there's one guy is taking this really seriously. he's the one who's thinking about how to solve the budget problem. these are huge issues. generational issues that are going to have to be solved one way or another. and the fact that there's not a larger debate that involves more people on both sides of the aisle i think is a stunning indictment of where we are in a p
: what is she encouraging him to do? what was her big policy? >> yes, back here. barbara? >> a big threat -- it's a big threat against israel. >> glenn: why? >> she is pushing what you call -- >> glenn: the responsibility to protect. what is that? this is why it's so hard. you're informed group of people. how many watch the show twice a week? easy. okay. you guys are an informed group of people. i notice you two didn't raise your hand. this is how they're succeeding. they're succeeding because first of all you look at this and you see all of the organizations and it's easy to say it's a conspiracy theory. when i say to you apollo alliance, most people don't know what it is. i say it's started by the tides foundation. the tides foundation really starts with george soros money and a bunch of other people. that started to change the tide in america. you probably know this better than i. started in the reagan administration to make sure the tide was changed in america. they were afraid. they said they have all the corporations. the right has all the corporations. how are we going to fight tha
? >> the problem with a myny deal, we have a maxi problem. the big problems aren't going to go away if you cut a mini deal. all it does is delay the moment of truth. apt so i'd say better now than then. if we can't, then we'll take the savings we can get now and we will relitigate this as we get closer to the election. >> all right. in addition to dealing with the content of negotiating this deal, there is a p.r. battle involved here as well. senate majority leader harry reid has had a lot to say about what is standing in the way of getting something done. let's take a listen. >> the obstacle, and i want to be very clear, to finding common ground is republicans stubborn insistence on proit canning tax funding and give-aways to corporations and individualindividuals that don'd the give-aways. >> the president has also framed this choice. earlier in week as kids going to college, or tax breaks for corporate jets. i mean it's something they said with the miles per hour public is an easy choice -- said that american public, an easy choice for them. what is the plan for that bat? >> senator reid ha
industries a mindless handout. the big oil companies getting a handout. it's much easier to retain that benefit and it's very difficult to save medicare. it's a simple majority that can end medicare. many of us go home every week, others as frequently as they can because of the distance they have to travel to get to their districts, and we're greeted by signs like this. hands off my medicare. and it's no wonder because what we've seen yesterday was the third attempt in this few months of the 112th congress, to end medicare. three votes, one with a republican study committee, one with the ryan plan, the path to prosperity which we have redesignated the road to ruin and yesterday with the cut, slash, and burn attempt. i won't get into the nomenclature because it's inappropriate and misrepresenting what would really happen. yesterday we had a vote on this floor to make it easy to end medicare and easy to maintain handouts to the oil company. when we look at the dollars that are saved by ending medicare, we see where they somehow are transitioned over to tax cuts that are maintained fo
court term began, two of the big lens or person in the cases come if you protest a chemist vendor versus phelps in the videogame case from which ended at being caught brown v. entertainment software association. both of those cases brought with them the chance to explore first amendment issues in the internet era and they ended up really not doing that at all. the funeral case had a component to it involving an online screed against their parents of corporal snyder, which the court completely declined to address it all and instead look at it as a type of dinner plates. the videogame case again had the potential of looking at whether this new medium has something different than the other new media that arose over the centuries, but instead decided it did not impose either unanimous word you unanimous holdings getting to that resold. we have as well i suppose we should be grateful for arizona's contribution to the supreme court docket with the tuition tax credit case in the clean elections case which was perhaps again i say the clean elections case the perhaps most predictable outcome, the
of the midwest. >>> those power companies are asking people to conserve where they can. >> gregg: big question when can folks expect relief from this sticky heat. meteorologist maria molina in the extreme weather center? >> depending on where you live. in you live in the upper midwest or northeast you are expected to get relief. parts in the southern plains, oh man, texas and dallas, texas and triple-digits for days to come. parts in the southeast are not expecting any relief. northern parts, a cold front is going through the region but 95 in new york city. and it feels like 101 in new york. 106 is dallas, texas. so those dangerous levels of heat and humidity. there are a number of affected heat warnings out for those areas shaded in red also across portions of the midwest. that is where we could see heat index values up to 120 degrees. take a look at them from yesterday. 124 in wilmington, delaware and many other areas are looking at extremely high heat index values. throughout the great lakes it is going to produce some severe weather. as we head into tomorrow, it will look better but still
. and they feel that the democrats have an ideological commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table and if as you say the president could have brought nancy pelosi along -- i agree with you i think he could have -- the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to $1 trillion of tax increases is an awful big deal for a party that all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually end up getting what they wanted and what they wanted never materializes. >> there's a big difference between that and nothing. >> i agree. [ overlapping speakers ] >> so david, wh
in transforming themselves, she's one of the big reasons why. please help me in welcoming to the stage, liz schuller. [applause] >> thank you. all right. thank you, barry, for the introduction. and i'd like to think raj for raising the bar. thanks a lot for the rest of us and not those creative messaging tools that we all need to address inequality. i wish i would have heard her before my speech. so why am i here as part of this panel? the whole point of what i want to talk to you today is the power of collective action and how it could counter the rise in inequality and how unions fit into that picture. now, when i think about inequality, especially, as of late, i think about those teachers in wisconsin, construction workers in ohio, nurses in new hampshire, who have been locked out and denied their basic rights to collective bargaining. we've seen what it looks like the state capital in wisconsin and we show you now what's happening in office buildings all across this country. ♪ >> here's to america's workers. when the economy was down, they sacrificed. during tough times when executive
with the pie. [unintelligible] host: do you think that this is a big deal at all? in aer: in a way, yes, and a way, no. he is a nice man, but he is too old. it takes a man that this young to do something like that host: do you think you could run all of those companies? caller: me? i am a painter. host: i know. i have your painting in my office. caller: my wife is looking at me and telling me to tell you good morning. host: good morning. send me your e-mail address and i will send you a picture of it in profit -- in my office. caller: listen, my wife's birthday is tomorrow, she turned 81. host: that is right. you married an older woman. mr. peterson, you enjoy that heat wave in texas. we have got to get moving. we appreciate it. this would message, regarding the phone hacking scandal -- host: mike is a republican in arizona. hello. caller: i can see this going on in great britain, i guess the police are involved. but then they are doing it for us in the same manner. scanning e-mails, looking for certain words and what ever. i do not see any difference. i mean, they are exchanging inform
saying, only a long-term option here? >> the president believes that we have to think big and act big, because as i mentioned before, there have been events and decisions that have led us to this point and they include the terrible recession, the worst since the great depression we went through. the fact that because congress wouldn't act, he apointed the commission and they delivered a report. we have the outside report. and we have the president's framework he put forward and the republican budget that passed the house, all of which describe a problem and a solution in generally the same terms. the big exception is three to one, they propose solutions that demand a balanced approach which the president supports. this is not the kind of situation that comes around very frequently and the president believes that it is worth the inevitable political difficulty making tough choices creates to get this done for the american people, for the american economy. so he does not share the view, does not believe it is wise to pursue a short-term solution that essentially would be kicking the can
to be an american? not a big change when president obama came to office. what does that say to you? guest: remarkable continuity about something that is very important in defining this as a people. it does not seem to matter whether we have a democratic or republican president. we are patriotic nonetheless. host: james, pittsburg, republican line. caller: my comment is that you have to poll the younger crowd and they are the strongest and the fastest and most easily -- and it is easier for them to take in all the information they have take in. they are more alterable to become a soldier and not many of them are politically savvy. once they get into the war, they are generally -- most of the men i know that have come back especially from this war and from vietnam, they speak to the fact that they were fighting for its other. host: we will leave it there. guest: that is true. men who have had that experience in war talk about it that way. they also love their country. one of the things we see, it's a hard thing to take polls of soldiers because it's tough to do. but when you do, they are ve
's talk about some of the big issues right now. jobs, jobs, jobs. it's a crisis, a game of chicken going on in washington right now between the president, the did democrats on one side, republican leadership on the other side. how big of a deal is this august 2nd deadline for raising the debt ceiling? >> well, because i haven't been in government in a long time, i don't know what options the treasury department will have if the debt kreceiling is not lift. my guess is they can pay the bills for a while, after which they won't be able to. so if we let that deadline come and go and we really raise questions about when or political system is mature enough even to pay its bills, i think it's trouble. i realize the idea of voting against raising the debt ceiling has always had great appeal to people. even in good times, a bunch of people vote against raising it because it looks like a free vote. >> when he was senator, president obama didn't vote to raise the debt ceiling. he regrets it now. >> but, you know, when you're not president and you think the vote's there, seems like a freebie and y
. president. my name is amanda. i am a big fan. i am originally from iowa. >> nice. >> yes. i am an atheist. in 2008, you asserted no organization receiving taxpayer funds would be able to discriminate in hiring or firing based on a person's religion. however, you've not rescinded the executive order that permits this discrimination. when it is difficult for a person to get a job based on her skills, what would you say to a woman who has been denied employment because of her religion or lack of religious beliefs by a taxpayer funded organization? >> this is a very difficult issue, but a more narrow one and i think might be implied. it is very straightforward that people should not be discriminated against for race, gender, sexual orientation or religious affiliation. what has happened is there has been a carved out dating back to president clinton's presidency for religious organizations and they're hiring for particular purposes, and this is always a tricky part of the first amendment. on the one hand, the first amendment ensures there's freedom of religion. on the other hand, we want to m
. there's supposedly meetings between the white house and senate and big game players later this beak. in erms the of a deal we're getting a real date, not necessarily august 2nd, but july 22nd. why? there's a ten-day period needed for the congressional budget office to score any type of compromise as well as you're going to have to sell this compromise to the members. house republicans have been steadfast they don't want any tax increases to consider any type of compromise. speaker boehner needs some time to sell that to his members. >> you're talking about political high ground. you're not talking about the substance. i want to ask you about libya. there is a procedural vote the first step on the kerry-minnesota cane resolution on libya what do you see there? >> it's around 5:30 p.m. today. it really is a procedural vote on the mccain-kerry libya resolution which says for one year the u.s. should allow -- there should be force in libya, u.s. backed force with no ground troops. to one democratic aide said they really don't know how this vote the going to come come out. there is specu
as 40,000 dead in the last four years. this shocking reality has made it's way on the big screen with a new genre called narco movies. in this movie called "high-powered people," a drug lord and an associate discuss alliances. the violence in their movies pales in comparison to reality. >> translator: we're not even close to reflecting reality. can you call our movies soft because we don't show as much blood and killings. we just try to give people what they want. >> reporter: the english translation of the movie titles are very revealing. the bough so the film makers say they make sure the screen plays don't rub any of the cartels the wrong way, and it's a kinds of self censorship that keeps them safe. >> translator: we deal with these issues in the best way possible. we're not afraid they will come after us because we behave. we do things the best we can and so far we have not been threatened by anybody. >> rafael romo joins me now. is anybody concerned about the glorification of what the cartels are all about? >> there is great concern. the movies are not yet mainstream in mex
. ♪ >> announcer: this past year alone there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. [ female announcer ] imagine skin so healthy, it never gets dry again. can your moisturizer do that? [ female announcer ] dermatologist recommended aveeno has an oat formula, now proven to build a moisture reserve, so skin can replenish itself. that's healthy skin for life. only from aveeno. >>> a new york judge today released dominique strauss kahn from arrest saying the accuser lied about her background and facts of the case. the indictment against the former international monetary fund chief still stands, at least for now. prosecutors acknowledge they have doubts about the allegation that strauss kahn sexually attacked a maid in a luxury hotel back in may in new york. all the lawyers involved, they put their respective spin on what ha
. hi honey! ♪ h-o-t-w-i-r-e... ♪ hotwire.com >>> no progress reported tonight on the big deficit reduction talks at the white house. with that, this warning tonight from moody's investor service. the federal government could lose its top of the line credit rating if the white house and congress can't agree on a plan to increase the nation's debt ceiling, meaning allow washington to borrow more money to help pay its bills. that warning came just a few hours after this sober math lesson from the fed chairman ben bernanke. since the government borrows 40 cents of every dollar it spends, a fall you'ilure to increase washington's credit limit would require a 40% cutback in spending. >> significant cuts in social security, medicare, military pay, or some combination of those in order to avoid borrowing more money. >> now that sounds ominous, but some conservatives think the catastrophe scenarios are exaggerated. >> if congress fails to raise the debt ceiling by $2.5 trillion, that somehow the united states will go into default, and we will lose the full faith and credit of the united s
that was a big mistake. >> i certainly would. >> politically and. >> and detaching the dollar from the gold standard. >> we're all foreign policy guys. you domestic guys react later. >> the second was that he didn't mine high fong and do more intense bombing of north vietnam earlier in 1969 rather than when he did it after the trip to china and before the trip to the soviet union. we forget that the trip to the soviet union was the first trip by an american president to the soviet union and he did it against the backdrop of very strong military attacks on north vietnam that he later regret he had done earlier. my question is, if he had done it earlier, would it have been possible to do it earlier with respect to his thinking about going to china? would it have been possible to go to china against that? and with respect to the soviet union, would he have been able to do it without having some violent response from them. after the trip to china, they were unnerved by that and the very fact that the trip was pulled off after that was seen, as you can imagine how the north vietnamese held about
of reasons for this we can discuss-- is as high as it's been. >> rose: so that's really one of the big questions. >> in europe it's the same thing. >> rose: u.s. leadership. >> yeah. >> rose: what is it you thi they expect from the united states in 2011 and twelve after all that's taken place? the economic collapse that we had. the wars we were engaged in and two that we are still engaged in in different levels. what does the world want from america? >> well, leadersh, i think, is the short answer to the question. but we can start with asia and go to europe and go to the middle east. in asia, they want the ited states to be present. they wanthe united states that ey can count on to meet its obligations anpromises t ales and partners, and we have been doing that. you know, this is a mistake... not mistake. it's not a coincidence that secretary clinton took her first trip as secretary of state to asia. >> rose: and she's back in india as we speak. since dean rusk in 1961. and we have really engaged... they want u.s. presence. i think the asians want to see the unitedtates engaged and, by
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